We are currently bouncing on support right now so expect bullish movement very soon. I'm deadass guys. Especially because price hits the 618 fibonacci retracement on our 4hr chart when using the last swing like I did. You're welcome ;)
• British Pound traded higher against the US dollar, and moved above the 1.4200 levels.
• There was a bearish trend line formed on the hourly chart of the GBP/USD pair. Which was broken by bulls.
Wait for re test on trend line then BUY!
Entered this trade just few hrs ago and the Target was hit just couple of mins ago!
Over 90 pips profit on this pair alone along with all the EUR based pairs i traded but didnt have time to post them up here b/c i was away from the screen and there wasnt any point posting them up b/c price was reaching their ...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily.
I'm basing this trade based off of that momentum and on a simple trend-contination setup.
As you can see, price has been consolidating this past week and along with all the ...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links)
Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days.
Expected price target for this play is 130.90
Hey there traders, this is Ahmed from Pro Trading University,
Everything is explained in the chart except the stop loss & targets.
The stop loss goes 10 pips above the previous cycle high.
Initial target comes at previous structure (the bottom of the double top).
And no, the head & shoulder doesn't have to do ...
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE.
WE SEE THESE EMOTIONS THROUGH RETAIL
INVESTORS WORLDWIDE. MAKE SURE YOU
HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU
GET CAUGHT IN THE HERD.
REMEMBER, NO BIAS.